Active Development AidData Chinese Aid

ICBC participates in $185 million syndicated loan to Vietnam International Commercial Joint Stock Bank for on-lending purposes

$28.33M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Vietnam International Commercial Joint Stock Bank
Country	Viet Nam
Start Date	Nov 15, 2017
End Date	May 28, 2030
Duration	4,577 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96781`

Grant Description

ICBC participation $185 million syndicated loan to Vietnam International Commercial Joint Stock Bank for on-lending purposes On November 15, 2017, the Industrial and Commercial Bank of China (ICBC) signed a $185 million syndicated loan agreement with Vietnam International Commercial Joint Stock Bank (VIB).

📋 Loan / Grant Terms

💰 Loan Amounthad a term (maturity of five years

The syndicate was arranged by the International Finance Corporation (IFC), which contributed $100 million. Cathay United Bank, ICBC, and Kiatnakin Bank Public Company Ltd contributed a total of $85 million.

VIB planned to use the loan proceeds to on-lend to micro, small, and medium enterprises and to increase the stock of affordable housing in Vietnam.

📋 Staff Comments

1. AidData assumes equal contributions from all participants in a syndicate. USD 85 million divided by 3 lenders is USD 28.33 million per contributor.

📚 Sources & References

IFC offers $185 million credit package to VIB
IFC-led Commitment of $185 Million in VIB to Develop SMEs
Strengthen Housing Segment Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Vietnam International Commercial Joint Stock Bank

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